Question No 04 Chapter No 10 - D.K Goal 11 Class

Question No 04 Chapter No 10

04.Following balances were extracted from the books of Ravinder Associates as of 31st March 2017 :

Name of Accounts	Rs	Name of Accounts	Rs
Sundry Debtors	4,10,000	Stock (April 1, 2016)	2,30,0000
Sundry Creditors	80,000	Premises	12,00,000
Rent and Taxes	48,000	Fixtures & Fittings	3,10,000
Purchases	34,00,000	Bad Debts are written off	8,000
Sales	56,00,000	Rent received from sub-let of part of premises	30,000
Trade Expenses	12,000	Loan from Mukul	1,50,000
Returns Outwards	80,000	Interest on Mukul’s Loan	15,000
Returns Inwards	1,20,000	Drawings	40,000
Expenses	4,000	Cash in hand	75,000
Motor Vehicles	6,50,000	Stock on 31st March 2017	3,80,000
Electricity	25,000

You are required to prepare the trial balance treating the difference as his capital.

The solution of Question No 04 Chapter No 10: –

Trail Balance A/c
Particulars	J.F.	Debit	Credit
Sundry Debtors A/c		4,10,000
Sundry Creditors A/c			80,000
Rent & Taxes A/c		48,000
Purchases A/c		34,00,000
Sales A/c			56,00,000
Trade Expenses A/c		12,000
Return Outwards A/c			80,000
Return Inwards A/c		1,20,000
Expenses A/c		4,000
Motor Vehicles A/c		6,50,000
Electricity A/c		25,000
Opening Stock (on April 01, 2004) A/c		2,30,000
Premises A/c		12,00,000
Fixture & Fittings A/c		3,10,000
Bad Debts written off A/c		8,000
Loan from Mukul A/c			1,50,000
Interest on Mukul’s Loan A/c		15,000
Drawings A/c		40,000
Cash in Hand A/c		75,000
Rent received from Sub-let of part of Premises A/c			30,000
Capital (Balancing Figure) A/c			6,07,000
		65,47,000	65,47,000

Note: Closing Stock of Rs 3,80,000 will not appear in Trial Balance, because it has not been accounted yet

Advertisement-X

Trial Balance | Explanation | Methods | Examples

Thanks, Please Like and share with your friends

Comment if you have any question.

Also, Check out the solved question of previous Chapters: –

Chapter No. 1 – Introduction to Accounting
Chapter No. 2 – Basic Accounting Terms
Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
Chapter No. 4 – Bases of Accounting
Chapter No. 5 – Accounting Equation
Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
Goods and Services Tax(GST)
Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
Chapter No. 8 – Journal
Chapter No. 9 – Ledger
Chapter No. 10 – Special Purpose Books I – Cash Book
Chapter No. 11 – Special Purpose Books II – Other Books
Chapter No. 12 – Bank Reconciliation Statement
Chapter No. 13 – Trial Balance
Chapter No. 14 – Depreciation
Chapter No. 15 – Provisions and Reserves
Chapter No. 16 – Accounting for Bills of Exchange
Chapter No. 17 – Rectification of Errors
Chapter No. 18 – Financial Statements of Sole Proprietorship
Chapter No. 19 – Adjustments in preparation of Financial Statements
Chapter No. 20 – Accounts from incomplete Records – Single Entry System
Chapter No. 21 – Computers in Accounting
Chapter No. 22 – Accounting Software – Tally
Chapter No. 5 – Accounting Equation
Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
Goods and Services Tax(GST)
Chapter No. 8 – Journal
Chapter No. 9 – Ledger
Chapter No. 10 – Special Purpose Books I – Cash Book